Home MarketsChartering The BDI @940: volatility knocks …yet again!

The BDI @940: volatility knocks …yet again!

by admin

The BDI @940: volatility knocks …yet again!

Strange “developments” with ups and downs for both the Dry and Wet Markets. Geopolitics hotting-up. John Faraclas brief recap:

The BDI (Baltic Dry Index) gained four points thanks mainly to the volatile Capes’ BCI which clinched forty points and now reads 1,159.

The Panamaxes BPI was down one at 1,188 points.

A copy-paste for the Supras’ BSI like yesterday gaining another nine points and now reads 770!

The Handies’ BHSI remains stranded at 382 since last Friday…

The Wets mixed feelings continues; the last published BDTI (Dirties) and BCTI (Cleans) stood at 662 – plus 11 and 514 – minus 22 points respectively.

The WTI stood at US$ 62.12 – slightly up since yesterday…

An interesting report on the main types and sectors in Shipping comes from VesselsValue:

“To 2019 and beyond: forecasted Bulker, Tanker, Container and LPG values”

New financial year, new financial year’s resolutions. Which vessel types are in a good position to be sold? Which are ripe for investing? One month into this financial year, we bring to you forecasted asset values until 2022 for four major ship types: Bulker, Tanker, Container and LPG.

VesselsValue Tanker Asset Values
Click the image above to go to the VV blog, where you can find the full article and downloadable high resolution images.

Geopolitics in all fronts remain perplexed and dangerous; be prepared for unexpected events – just like the weather… All main issues reported within the last year and in particular last month remain unchanged and unresolved – Migrants, the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa(Balkans, East Med and wider Middle East) , the European Union’s multiple issues, BREXIT, the too many problems in the USA, the Russian agenda, China’s trade and USA’s tariffs leading to a trade war, North Korea, Venezuela, Libya and Iran…. Ultra CAUTION should be observed!

Rear Adm (HCG) Nikolas Spanos introducing the panel

On another tone and note the 1st DMPCO 2019 – the first International Design and Management of Port, Coastal and Offshore Works four day event at the Evgenidion Foundation in Paleon Faliron, Athens, was more than a success with hundreds of presentations. We will revert after same ends for a good and in depth write-up! Congratulations to the Athens’ NTUA and its Associate Professor Vicky Tsoukala with her very impressive opening speech on behalf of the Scientific and Organisation Committee as well as to KEFI S.A., for its events organisation running modus. We attended the Special Session One on the National Port System and the New European Regulation 2017/352 excellently moderated by Rear Adm (HCG) Nikolas Spanos.

That’s all for tonight and wish you all have a nice evening, continue to be on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

You may also like

Leave a Comment